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Updated over 5 years ago on . Most recent reply

User Stats

23
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5
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Gerich Fellermann
  • Investor
  • Portland
5
Votes |
23
Posts

BRRRR in Oregon or Washington?

Gerich Fellermann
  • Investor
  • Portland
Posted

Hello all,

We live in Portland OR and are selling a single-family property on the East Coast.  We would like to 1031 the proceeds into a new property within driving distance of Portland and would like to slowly continue to cluster investments in whichever community we choose.

Questions:

Are there clear advantages to buying in Washington state over Oregon or viceversa?   Idaho is also in play as a landlord friendly state but it doesn't quite fit the driveable criteria.

Are there resources that are helpful for finding advantageous markets based on landlord/tenant laws, economic growth, tax advantages in the state or other indicators?

Thanks all,

G

Most Popular Reply

User Stats

244
Posts
140
Votes
Justin Frank
  • Rental Property Investor
  • Tacoma, WA
140
Votes |
244
Posts
Justin Frank
  • Rental Property Investor
  • Tacoma, WA
Replied

@Gerich Fellermann 

I agree with @Jay Hinrichs. Longview has great prices but beware of your tenants there. Longview seems to be in s hard place right now. Lots of abandoned commercial properties and an area of high drug use. 

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